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1988-06-17 Resolution 6
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1988-06-17 Resolution 6
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7/17/2008 11:35:33 AM
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conveyance, shall become vested with all of the assets, powers, <br />rights, duties, trusts and obligations of its predecessor in <br />• trust hereunder with like effect as if originally named as <br />trustee herein; but nevertheless, on the written request of the <br />successor trustee, the trustee ceasing to act shall execute and <br />deliver to such successor trustee all .conveyances and instruments <br />proper to evidence the vesting in the new trustee of the interest <br />and title of the retiring trustee in the trusts hereby created, <br />subject, however, to any .lien which the retiring trustee may have <br />pursuant to any provision hereof; and upon request in writing of <br />any successor trustee-, the Authority covenants. to make, execute, <br />acknowledge and deliver any and all deeds, conveyances, <br />assignments, or instruments in writing for the more fully and <br />certainly vesting in and confirming to such successor trustee all <br />such assets, property, rights, powers and trusts. <br />ARTICLE X. <br />Supplemental Aareements <br />Sec. 10.01. Without notice to or the cgromntime toytime <br />Bondholders, the Authority and the Trustee may, lemental hereto <br />and at any time, enter into such agreements supp <br />as shall nolementaloagreementslshallethereafter formlalparthereof <br />(which supp <br />hereof): <br />• (a) To cure any ambiguity or formal defect or <br />omission in this Agreement, or in any supplemental <br />agreement, which does not adversely affect the rights <br />of the Bondholders; <br />(b) to grant to or confer upon the Trustee, for <br />the benefit of the Bondholders, any additional <br />benefits, rights,~remedies, powers, authority or <br />security that may lawfully be granted to or conferred <br />upon the Bondholders or the Trustee, or to make any <br />change which in the.judgment of the Trustee, is not to <br />the prejudice of the Bondholders; <br />(c) to modify, amend or supplement this Agreement <br />to permit the qualification of the Bonds for sale under <br />the securities laws of the United States of America or <br />of any of the states of the United States of America or <br />to obtain or maintain bond insurance with respect to <br />payments of principal of and interest on the Bonds; <br />(d) to provide .for the refunding or advance <br />refunding of the Bonds in whole or in part; <br />(e) to procure or maintain a rating on the Bonds <br />from a nationally recognized securities rating agency <br />designated in such supplemental agreement, if such <br />. supplemental agreement will not adversely affect the <br />owners of the Bonds; and <br />-38- <br />
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